[PR Newswire] – NEW YORK, May 10, 2016 /PRNewswire/ — Loews Corporation (NYSE: L) announced today the declaration of the Company’s quarterly dividend of $0.0625 per share of Common Stock, payable June 14, 2016 to shareholders … Read more on this. Loews Corporation (L) , currently valued at $13.56B, started the session at $39.55. Looking at the equity, the company’s one day range is $39.50 to $40.01 with the price of the stock fluctuating between $33.84 to $41.31 over the last 52 weeks. Loews (L) shares are currently priced at 15.10x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.89x earnings multiple for the same period. The company pays shareholders $0.25 per share annually in dividends, yielding 0.63%. According to a consensus of 3 analysts, the earnings estimate of $0.66 per share would be $0.07 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $2.61, which would be a $0.75 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. In terms of ratings, Deutsche Bank downgraded L from Buy to Hold (Mar 24, 2014). Previously, Deutsche Bank Initiated L at to Buy. Given all the information above, we should disclose to readers that the average price target is $41.00, which is 3.67% above than it opened this morning. See more in (NYSE:L) Similar Articles: Company Update: Loews Corporation (NYSE:L) – Loews Corporation Reports Net Income Of $102 Million For The First Quarter Of 2016 Market Update (NYSE:HES): Hess Announces Regular Quarterly Dividend On Common Stock Company Update: Loews Corporation (NYSE:L) – Loews Corporation to Release Fourth Quarter 2015 Results on February 8